E.4.1
Do independent non-executive directors/commissioners make up more than 50% of the board of directors/commissioners?
Response
The Company's independent and/or non-executive directors comprised more than 50% of the Board.
Non-executive Directors (NED)
1. Cesar A. Buenaventura
2. Victor A. Consunji
3. Jorge A. Consunji
4. Luz Consuelo A. Consunji
5. Honorio O. Reyes-Lao (independent)
6. Antonio Jose U. Periquet (independent)
Executive Directors (ED)
1. Isidro A. Consunji - Chairman/President
2. Herbert M. Consunji - Vice President / CFO
3. Ma. Edwina C. Laperal - Treasurer